ETH Is Facing Ominous Sign – Foundation working on Bottlenecks

The price of ETH has collapsed;
however, its fundamentals continue to be reliable. The price of the ETH is expected to surge
soon. There are not too many positive things to share about ETH in the current
scenario. The downtrend has resulted in
the formation of a “death cross” providing for an ominous sign that
more pain is waiting for the token.

The return of the Bitcoin to
5-figures has influenced the ETH; however, the influence is not promising or
impressive. The ETH community is bashing
the ETH, but the reality is that almost all the Altcoins are down to the floor. Even Litecoin and Binance Coin are in their
lows.

Despite all this, the developer
team for Ethereum network is solid. One
of the tweets read thus: “Keep an eye on Ethereum over the next few years! Out
of every cryptocurrency that exists, Ethereum has the most developers! This
means the possibilities for further growth are endless as their code is
constantly improved!”

There
are nearly 1000 devs who are working on the dApps and related solutions on the
top of its blockchain. The developer
team is consistently trying to improve the overall network by improving security
and performance. The progress with ETH
has been very slow, but this is not only the case with ETH, but all of its
rival coins are also facing a similar fate.

The
Istanbul hard fork is widely awaited, and it is expected to change the ETH protocols
dramatically. When the upgrades are complete, the ETH will be progressing in a
way sending the prices to the previous proper levels to shine over again.

While
there are positive hopes and wishful thinking, there is nothing to deny that
some death factor is currently haunting the ETH. The ETH is at the verge of Death Cross.

Currently,
ETH is very close to its yearly lows in terms of its value versus the USD and
the Bitcoin. Regardless of the risk
faced by the token, the Ethereum Foundation is working its way towards a better
future.

Ethereum
is currently distributing its core tasks between different teams, and it does
have diverse backgrounds and experience.
The foundation is actively outsourcing its developments rather than
having their core team focus on everything all on its own.

Peter Szilágyi, the core
development member, stated, “Over the past six months, we’ve tried to dissect
the different components that are on the critical path of block processing, in
an attempt to identify and optimize some of the bottlenecks.”